The Egyptian government, represented by the Ministry of Supply and Internal Trade and the Ministry of Planning, this week signed a Memorandum of Understanding (MOU) with Visa Inc., to enable electronic payment of government subsidies to 22 million Egyptian families.

UK bankers fear cyber attacks more than a faltering economy or political interference.  These bankers should be worried as the attempted hack at the end of January on HSBC confirms that financial institutions are at continuous risk.

Management and technology consultancy BearingPoint wins the prestigious Central Banking Award 2016 in the category “Technology Provider of the Year.” The judging panel honored BearingPoint for ABACUS/Regulator, a leading-edge data collection and regulatory analytics platform for central banks and supervisory authorities. The award will be officially handed over at the annual Central Banking Awards in London on March 3, 2016.

The Western Union Company (NYSE: WU), a leader in global payment services, and Viber, a leading mobile messaging app with 664M+ unique users worldwide, today announced an agreement to offer a fast and simple way to send money to friends and family virtually anywhere in the world from the convenience of the Viber app.

Leveraging the recently released WU® ConnectSM platform, the collaboration between Western Union and Viber will focus on three key areas:

 Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced today the appointment of the leaders of its marine team, with immediate effect.

Thomson Reuters has forged a strategic alliance with Wood Mackenzie a global leader in commercial intelligence for the energy, chemicals, metals and mining industry. The alliance offers Thomson Reuters customers direct access to Wood Mackenzie underlying oil supply chain fundamental data and research reports within Thomson Reuters Eikon, the company’s flagship desktop platform, and through its dedicated data feed for commodities, Thomson Reuters PointConnect. Wood Mackenzie is a Verisk Analytics (Nasdaq:VRSK) business.

Turkish BKM announced that it's collaborating with academics from Istanbul University and Ozyegin University to launch a framework for the country's startup ecosystem through the formation of FinTech Istanbul.

Tradeweb Markets, a provider of fixed income, derivatives and ETF marketplaces, launched an electronic over-the-counter (OTC) marketplace for U.S.-listed exchange traded funds (ETFs).

Travelling in one of London's iconic black cabs is about to become even easier. It was confirmed that every London taxi will be required to accept card payments for their fares by October this year.